With our strong market and financial outlook, we remain focused on sustainable long-term growth for the business, which includes advancing our ESG strategy and activities. We work closely with our customers to solve their own sustainability challenges through material innovations. And to meet the growing demand, we continue to improve the productivity and efficiency of our operations in a way that is more environmentally sustainable than most other global metal manufacturers.

Over the last few years, we set ambitious environmental targets for ourselves. In calendar year 2023, even as we were ramping our operations to meet customer demand, we realized a reduction in our carbon emission intensity across our operations for the second year in a row. We still have work to do to realize our goals, but with our focus on improving efficiency across our operations, we expect further improvement in 2024.

Carpenter Technology remains one of the safest metal manufacturing companies in the world with a TRIR of 1.8 in fiscal year 2024. Our goal is a zero-injury workplace, and we will continue to invest to realize that goal.

Our Vision and Core Values are central to who we are as a company. We aim to have an engaged workforce that embraces our Vision and Values and takes pride in the positive impact our company has on our customers and our communities. To those ends, we offer extensive training and development opportunities and encourage employee volunteerism through our Carpenter Technology Cares program.

We believe we are just getting started in our growth journey. The same dynamics that are driving our current performance are expected to only get stronger as we continue to build operating momentum. We remain focused on supporting our customer needs, operational execution, and living our values as we drive long-term performance while advancing our sustainability efforts. 

Read more about our journey in the 2024 Sustainability Report.